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Nexudus - Is Your Space Performing?
Home News Business

New York Times Reports Elon Musk Is Not Paying Rent On Twitter’s Offices

For building owners in 2022 and in the near future, tenants refusing to pay rent is immediate grounds for a lawsuit in an era where real estate has struggled to stay afloat during and post-pandemic.

Aayat AlibyAayat Ali
December 14, 2022
in Business
Reading Time: 1 min read
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New York Times Reports Elon Musk Is Not Paying Rent On Twitter's Offices

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The New York Times has reported that Twitter owner Elon Musk has halted paying rent on the company’s offices. 

According to insider sources, Musk has told employees to avoid paying vendors while also denying severance for the thousands of employees let go at the beginning of his reign.    

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These efforts all seem to be working towards making Twitter more profitable and slashing costs, a commitment he has made since prior to the takeover.

Musk also shook up the company’s legal team, firing Twitter’s chief legal officer, parting ways with his own personal lawyer and disbanding its trust and safety council that aimed to keep the platform safe.   

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Nexudus - Is Your Space Performing?

Refusing to pay rent may be the tip of the iceberg for the billionaire. For building owners in 2022 and in the near future, tenants refusing to pay rent is immediate grounds for a lawsuit in an era where real estate has struggled to stay afloat during and post-pandemic. 

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Source: Market Watch
Tags: BusinessCREWorkforce
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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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